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Bannerman Energy ( (AU:BMN) ) has shared an update.
Bannerman Energy Ltd has announced significant progress in the early construction works at its Etango Uranium Project, with activities proceeding on schedule and within budget. Key developments include the commissioning of construction power, advancement in plant design, and successful testing of crucial equipment. Contracts for concrete and blasting have been awarded to Namibian contractors, and the workforce on site is set to increase significantly. The project maintains a strong safety record and continues to advance key construction activities such as bulk earthworks and site access improvements, which are crucial for the project’s ongoing development.
The most recent analyst rating on (AU:BMN) stock is a Buy with a A$4.70 price target. To see the full list of analyst forecasts on Bannerman Energy stock, see the AU:BMN Stock Forecast page.
More about Bannerman Energy
Bannerman Energy Ltd is a company operating in the uranium industry, focusing on the development and construction of uranium projects. Its primary project is the Etango Uranium Project, which is a significant focus for the company as it progresses through various stages of construction and development.
Average Trading Volume: 1,131,284
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$776.4M
For detailed information about BMN stock, go to TipRanks’ Stock Analysis page.